Facebook is in talks with major music labels — but nobody knows why

Facebook CEO Mark Zuckerberg. Getty Images / Hindustan Times Facebook is reportedly in talks with major music labels, a sign that it could be about to crack into the music streaming business, The Verge's Micah Singleton reports.

The news comes just two days after Apple launched its own streaming service, Apple Music.

According to multiple sources whom spoke to The Verge, the social network is in talks with Sony Music Entertainment, Universal Music Group, and Warner Music Group about "getting into music."

Facebook plans to do something "unique" that may tie into video, The Verge reports. However, there are few other details and everything is still in the early days.

This is a big deal. Facebook is currently showing an unprecedented interest in getting professionally created content onto its platform. The most obvious sign so far is the explosive growth of video on Facebook: The site now sees more than 4 billion video views a day, up from just 1 billion in September 2014.

The long and short of it is that Facebook wants to give its users less and less reason to ever want (or need) to visit the outside web. The ramping up of its video offerings means that users stay on the site to watch them, rather than having to link out. It's also experimenting with hosting news articles from select partners directly on its platform — again, reducing the need for users to leave Facebook, boosting overall engagement.

Music, then, is the next logical step. According to one study, people listen to an average of four hours of music a day. Even if that seems a little high, there's obviously still a massive opportunity for reaching users in an area where the social network has previously made no attempt to.

"Facebook Music" (if it ever even happens) won't be without its challenges. The on-demand music streaming space is the busiest its ever been, with newcomers like Apple Music and Jay Z's Tidal challenging Spotify. But given Facebook's unprecedented reach (1.44 billion monthly active users at last count), it's not inconceivable that it could carve out a significant space for itself.

In contrast, YouTube videos can contain snippets of copyrighted songs (within reasonable limits), because the Google-owned video giant has come to an agreement with the labels to share advertising revenue with videos that contain their music. It took YouTube a long time to get there: At one point it was even sued for $1 billion by rights-holder Viacom over copyrighted content appearing on its platform, leading to a seven-year legal battle that was finally settled in 2014.

To avoid similar lawsuits, Facebook currently has to police for any such infringing content. But in doing so, it places restrictions on the kind of videos that are uploaded, which don't exist on YouTube — automatically that makes the latter site appear to be a more attractive platform for content creators.

The talks with labels then could just be about making the social network more appealing, rather than any larger music play. (But that doesn't mean that's not on the cards too, later down the line.) We've reached out to Facebook for comment, and will update when it responds.